Munich Personal RePEc Archive

"OEconomicae et pecuniariae quaestiones" and Catholic Finance : A reading attempt from Merton's functions

Lemeunier, Sébastien (2021): "OEconomicae et pecuniariae quaestiones" and Catholic Finance : A reading attempt from Merton's functions.

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Abstract

The Church has published a text of reference related to finance titled "OEconomicae et pecuniariae quaestiones," which aims to point out the weaknesses of the financial system and propose solutions. In order to test these remarks, we distributed them in Merton’s (1995) functions for the financial system and verified whether these critiques actually challenge them. We found that the Church focuses its criticisms on the functions of risk management and conflicts of interest, and recommends being vigilant about the information function. Finally, by grouping the solutions, there emerges a coherent and complementary approach to the financial system based on the transparency of information.

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